The Nasdaq 100 is home to many of the world’s most innovative and influential companies of today and tomorrow, from Apple and Microsoft to Tesla and Nvidia. For UK investors, it’s one of the most popular ways to invest and gain exposure to the growth of the US tech sector and broader digital economy.
Here are some of the largest and most-traded Nasdaq 100 ETFs available on UK trading platforms. Keep in mind, while all aim to track the same index, fees, fund structure, and performance may differ slightly.
| ETF | Icon | 1-year performance (to Dec. '25) | 5-year performance (to Dec. '25) | Link |
|---|---|---|---|---|
| iShares NASDAQ 100 ETF USD (Acc) (CNDX) |  |
8.12% | 116.35% | Invest Capital at risk |
| Invesco NASDAQ 100 ETF (QQQM) |  |
19.19% | 104.63% | Invest Capital at risk |
| Invesco EQQQ NASDAQ-100 ETF (EQQQ) | |
8.74% | 112.95% | Invest Capital at risk |
| Amundi Nasdaq-100 II ETF Acc (UST) |  |
N/A | N/A | Invest Capital at risk |
| Invesco NASDAQ-100 Swap ETF USD (EQQS) | |
20.50% | 62.56% (2 years) | Invest Capital at risk |
| UBS Nasdaq-100 ETF USD acc (BCFP) |  |
N/A | N/A | Invest Capital at risk |
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28 October 2025: Long-awaited signs of a US-China trade truce and easing supply-chain risks are delighting investors, even if there are still plenty of unanswered questions. Trump will meet Xi on Thursday in Busan, South Korea where the deal is expected to be formalised. The US is likely to pause its scheduled next round of tariff increases on Chinese imports, while China is likely to pause planned export restrictions and restart buying US soybeans.
The Nasdaq 100 is a stock market index made up of the 100 largest non-financial companies listed on the Nasdaq stock exchange in the US. So, it’s a useful way to measure broader market performance from the top companies listed on the Nasdaq.
You can access Nasdaq 100 ETFs through most major UK share dealing platforms and trading apps. Some platforms may offer a broader ETF selection or lower foreign exchange (FX) fees than others, so it’s worth comparing your options.
Above are some of the best investing platforms available to UK investors that allow you to hold Nasdaq 100 ETFs in your portfolio.
This may sound like an obvious question, but the Nasdaq 100 has plenty going for it:
No, and this is a common misconception. Although it’s heavily weighted toward technology, and home to the super-shiny “Magnificent Seven” stocks, that’s not all it contains. Alongside tech stock powerhouses, you’ll also find consumer and healthcare giants.
So, companies like Amazon, Meta, Alphabet, and Netflix sit alongside non-tech names such as PepsiCo and Costco (and other firms that don’t end in “co”, of course).
You can’t invest directly in the Nasdaq 100 itself, but you can invest in funds and ETFs (exchange-traded funds) that track the index’s performance.
These products aim to replicate the returns of the Nasdaq 100 by holding the same stocks in roughly the same proportions. Although you can get funds that vary in their approach, including using derivatives to mirror performance.
"A Nasdaq 100 “swap” ETF is a fund that doesn’t hold the actual stocks in the index directly. Instead, it uses derivatives contracts (swaps) with a counterparty (usually a large investment bank) to mirror the performance of the Nasdaq 100.
This structure can offer advantages such as reducing tracking error and improving tax efficiency, particularly by avoiding US withholding taxes on dividends. However, swap-based ETFs introduce counterparty risk, since performance depends on the swap provider meeting its obligations.
Most reputable ETF issuers mitigate this by using collateral and strict regulatory safeguards, but it’s still a factor to consider if you prefer full transparency and direct ownership of the underlying assets."
It depends on your investment goals:
Yes, potentially. Any profits from selling a Nasdaq 100 ETF may be subject to capital gains tax (CGT). However, you can avoid this entirely by holding your ETF in a stocks and shares ISA or self-invested personal pension (SIPP).
If your ETF distributes income (some accumulate, others distribute dividends), those payouts may also be subject to dividend tax outside a tax-efficient account.
Investing in the Nasdaq 100 offers a straightforward way to gain exposure to many of the world’s biggest and most innovative companies (even if they are all based Stateside). Through ETFs available on UK trading platforms, you can own a slice of Silicon Valley and beyond, all with a single investment.
It can be a smart addition to a diversified portfolio, especially for investors seeking growth exposure to the US market. But remember, the Nasdaq 100 is heavily weighted toward tech, which means returns can swing sharply with market sentiment. When it comes to index funds, this sits on the higher end of the volatility spectrum.
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